10,573 Shares in Wheaton Precious Metals Corp. $WPM Purchased by Cvfg LLC

Cvfg LLC acquired a new stake in Wheaton Precious Metals Corp. (NYSE:WPM) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 10,573 shares of the company’s stock, valued at approximately $1,385,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Flatrock Wealth Partners LLC acquired a new stake in shares of Wheaton Precious Metals in the first quarter valued at approximately $552,000. Integrated Advisors Network LLC acquired a new position in shares of Wheaton Precious Metals during the first quarter worth approximately $1,585,000. O Domhnaill Enterprises Inc. grew its holdings in Wheaton Precious Metals by 0.3% in the 1st quarter. O Domhnaill Enterprises Inc. now owns 31,690 shares of the company’s stock worth $4,152,000 after buying an additional 101 shares in the last quarter. Bogart Wealth LLC grew its holdings in Wheaton Precious Metals by 248.0% in the 1st quarter. Bogart Wealth LLC now owns 891 shares of the company’s stock worth $117,000 after buying an additional 635 shares in the last quarter. Finally, Ascentis Independent Advisors acquired a new stake in Wheaton Precious Metals in the 1st quarter valued at approximately $180,000. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Price Performance

NYSE WPM opened at $111.77 on Wednesday. The company’s 50 day simple moving average is $124.24 and its 200 day simple moving average is $132.77. Wheaton Precious Metals Corp. has a 12 month low of $85.59 and a 12 month high of $165.76. The company has a market capitalization of $50.76 billion, a P/E ratio of 28.23, a PEG ratio of 2.17 and a beta of 0.55.

Wheaton Precious Metals (NYSE:WPM) last released its earnings results on Thursday, May 7th. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.24 by $0.04. The business had revenue of $901.47 million during the quarter, compared to analyst estimates of $868.35 million. Wheaton Precious Metals had a net margin of 65.55% and a return on equity of 20.20%. The business’s quarterly revenue was up 91.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.55 earnings per share. On average, analysts anticipate that Wheaton Precious Metals Corp. will post 4.99 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th were given a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Wednesday, May 27th. Wheaton Precious Metals’s dividend payout ratio is 19.70%.

Analyst Upgrades and Downgrades

WPM has been the topic of several recent analyst reports. TD Cowen lifted their target price on Wheaton Precious Metals from $164.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, March 16th. Wall Street Zen lowered Wheaton Precious Metals from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. TD Securities lifted their price objective on shares of Wheaton Precious Metals from $164.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, March 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wheaton Precious Metals in a report on Monday, June 29th. Finally, Jefferies Financial Group decreased their target price on shares of Wheaton Precious Metals from $182.00 to $177.00 and set a “buy” rating for the company in a research report on Monday. Twelve equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $157.64.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company that acquires and manages long-term purchase agreements for metals produced by mining companies. Rather than operating mines, Wheaton provides upfront and ongoing financing to miners in exchange for the right to purchase a portion of the metals produced — typically silver and gold, and occasionally other precious metals — at predetermined prices. This streaming business model offers investors exposure to metal production with reduced operating and capital-cost risk compared with traditional mining companies.

The company’s activities center on structuring and maintaining a diversified portfolio of streaming agreements across multiple jurisdictions.